no disrespect by using that term -- >> obama: i like it. >> romney: i'll cut programs likepbs, i'llmake government more efficient and cut back the number of employees, combine agencies and departments. this is the approach we have to take to get america to an balanced budget. the president said he would cut the deficit in half. unfortunately he doubled it. trillion dollars deficits for the last four years. the president has put it in place as much public debt -- almost as much debt held by the public as all prior presidents combined. >> mr. president? >> obama: when i walked into the oaf value office i had a deficit facing me with two wars that were not paid for, tax cuts that were not paid for, a whole bunch of programs that were not paid for, and a massive economic crisis. yes, we had to taken initial emergency measures. but what we have all said is let's make sure we are cutting out those things that are not helping us grow. to 77 government programs everything from aircrafts that the air force had ordered but won't working very well 18 government programs for e